PYPL - Price Factored into ER Rally May see Drop Post ER
PYPL - With a Jan rally into end
of the month ER on the 30th,
opinions differ on its results;
so many traders believe the price
of a hopeful ER beat has been
priced into the rally, which fell
short of its resistance near 93.
Technically, the price action is
poised for a down trend back
towards historical support near
the upper 78's. A missed ER beat
and 89 break will drop price rapidly
thru the major moving averages
huddled up in the 85's. Options
should consider short term hedging.
of the month ER on the 30th,
opinions differ on its results;
so many traders believe the price
of a hopeful ER beat has been
priced into the rally, which fell
short of its resistance near 93.
Technically, the price action is
poised for a down trend back
towards historical support near
the upper 78's. A missed ER beat
and 89 break will drop price rapidly
thru the major moving averages
huddled up in the 85's. Options
should consider short term hedging.